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    402 S MAIN Street Chamois, MO 65024

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    Claim this Listing
    Pending
    $129,000

    COMMERCIAL - Chamois, MO

    Property size:
    3,960 SF
    Lot size:
    1.14 Acres
    Added:
    Sep 20, 2024
    Days on Market:
    582
    Last Refresh:
    Apr 24 at 12:06 pm

    Property Features for 402 S MAIN Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    5
    Rooms
    Bathroom 1, Bathroom 4, Bathroom 3, Bathroom 5, Bathroom 2
    Parking features
    Garage, Off Street, Open
    Exterior features
    Brick, Stone, Wood
    Standard status
    Pending
    Size
    3,960 SF
    Lot size
    1.14 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1066

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1876
    Floors in Building
    3
    Number of units
    2
    Building materials
    Brick, Stone, Wood Siding

    We can help!

    Listing Contact
    Denise Nolte

    Listing agent Denise Nolte

    Listing office Mossy Oak Properties, Central Missouri Land & Homes, LLC 1739 Elm Court, Suite 203, Jefferson City, MO

    Listing date Sep 20, 2024

    MLS# 10068804

    Copyright © 2026 Jefferson City Area Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic School House Bed & Breakfast

    The original school house of Chamois, with the original portion built in 1876, is registered in The National Historic Register as Chamois Public School. Known as The Old School House on the Hill, this property has served as a school, American Legion Hall, dance hall, bingo hall, and for the last 20 years, a bed and breakfast. It has also been used as a wedding venue and for business meetings. The clock in the steeple is still functional if kept wound. The property has a history of hosting guests. Located 19 miles from Hermann, Missouri, it attracts visitors seeking accommodations. The property is situated on 1.14 acres. The building has 3,960 square feet of space. It is located in Chamois, Missouri.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bed & breakfasts

    Suggested Use

    Restaurant Hair Salon Kitchen & Bath Showroom Department Store Bar & Pub Daycare Center Bed & Breakfast Plumbing Service Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Old School on the Hill Bed & Breakfast — 402 S Main St, Chamois, MO 65024

    Location Insight

    • Map
    • Local Demand
    City
    Chamois
    County
    Osage
    State
    Missouri
    Longitude
    -91.7695039
    Latitude
    38.6787245

    FAQs

    What type of property is this?
    Bed & breakfast - Registered historic schoolhouse operating as a successful bed and breakfast.
    Where is this bed & breakfast located?
    The property is located at 402 S MAIN Street Chamois, MO.
    What is the asking price?
    The asking price for this property is $129,000.
    What are key features of this property?
    This property features: Registered in The National Historic Register as Chamois Public School, built in 1876.; Established and successful Bed & Breakfast business for 20 years with wedding venue and meeting space potential.; **Unique historical building with original features, including a working clock in the steeple.**
    (573) 291-2002
    We can help!
    Listing Contact
    Denise Nolte
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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